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Gold Daily Review May 9, 2018

Gold Daily Review for May 9, 2018

Gold Price Under Selling Pressure; Will Tech Support Hold?

Spot gold continues to trade heavy and may well soon test the psychological $1,300/oz marker as continued USD strength weighs on the precious metal.

 

Goldman Sachs has located 2 serious Facebook risks ahead of new EU regulation (FB) | Markets Insider

Facebook’s implementation of the European Union’s new data regulations carry two significant risks, according to Goldman Sachs analyst Heather Bellini.&n…

 

Gold Prices Threaten Trend-Defining Support After Powell Speech

Gold prices threaten trend support in play since December 2016 after Fed Chair Powell said cross-border spillover will not deter rate hikes.

 

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